HomeMy WebLinkAbout20-031CITY OF LAKEVILLE
RESOLUTION NO. 20-31
RESOLUTION AUTHORIZING FUNDING FOR
170TH STREET IMPROVEMENT PROJECT
CITY PROJECT 20-04
WHEREAS, 1701 Street Improvement Project, City Project 20-04, is programmed in the adopted
Lakeville 5 -year Capital Improvement Plan (2020-2024).
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota:
The estimated project cost is $2,116,807; and anticipated funding sources are listed below. City
staff is hereby authorized to amend the 2020 budgets and make the appropriate transfers between
funds with respect to the project funding sources up to 10% above the estimated costs. Funding
transfers may include loans between funds to cover engineering and other costs incurred on the
project in advance of receiving other funding.
Fundinig Sources Amount
City of Lakeville (property taxes) $ 1,260,847
Special Assessments 36,834
Water Operating Fund 623,016
Sanitary Sewer Operating Fund 5,331
Trail Improvement Fund 190,779
Total $ 2,116,807
ADOPTED by the Lakeville City Council this 6t' day of April 2020
Douglas P. Anderson, Mayor
Charlene Friedges, City